3255 E Elwood St |
Phoenix, AZ

Building Size (SF): 120,778

Land Size (Acres): 10.51

Status: Active

Description: Alignment acquired institutional-quality, tilt-wall industrial/flex asset at an attractive basis of $178/sf. The 81%-leased asset features 100% HVAC, heavy A-2 industrial zoning, a 1+ acre excess parking lot area, and 19.5-foot clear height. Through lease-up of the remaining vacant suite and excess parking area, Alignment expects to achieve a stabilized return-on-cost ("ROC") north of 8%.